Based on numbers recently released by the National Association of Realtors and Rent.com, the average renter is pretty much throwing their rent away every single month. It’s not helping them build net worth at all. And if we take a closer look at the numbers, homeowners’ net worth is more than 45 times greater than that of renters.
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So, yes—the fact that people buy homes to build equity—they’re right. If they own a home, they will build equity. They will build family wealth.
88 percent of property managers raised their rent in the last 12 months. And there does not appear to be any signs of stopping. That’s according to the Rent.com report. So almost nine out of ten places, rent went up. 68 percent of property managers predict that rental rates will continue to rise in the next year by an average of 8 percent! That’s not stable. It’s not stable to your pocketbook. And probably the most amazing revelation from this survey was that 53 percent—more than half—of the property managers said that they were more likely to bring in a new tenant at a higher rate than negotiate and renew a lease with a current tenant they already know. They’ll throw their existing tenant out to move the new tenant in—in more than half of the locations. No loyalty there. No loyalty means no stability. No safety in knowing that you’re going to be there for any length of time.
Don’t Pay Another Cent in Rent to Your Landlord Before You Read this FREE Special Report
Downtown Los Angeles – If you’re like most renters, you feel trapped within the walls of a house or apartment that doesn’t feel like yours. How could it when you’re not even permitted to bang in a nail or two without a hassle. You feel like you’re stuck in the renter’s rut with no way of rising up out of it and owning your own home. Well don’t feel trapped any more! A new FREE Special Report entitled “How to Stop Paying Rent and Own Your Own Home” has already helped dozens of local renters get out from under their landlord’s finger, and move into a wonderful home they can truly call their own. You can make this move too by discovering the important steps detailed in this FREE Special Report. It doesn’t matter how long you’ve been renting, or how insurmountable your financial situation may seem. With the help of this report, it will become suddenly clear to you how you really can save for the down payment and stop wasting thousands of dollars on rent. To order a FREE Special Report, visit www.NoRentLA.com. Get your free special report and stop wasting thousands of dollars on rent NOW.
Your Home Sold GUARANTEED or I’ll Buy It*
Corey Chambers, REALTOR®